Sunday, November 29, 2020

tax avoidance

Zimbabwe accuses Swiss engineering firm ABB of avoiding $13.4 million in taxes

ABB, one of Switzerland’s most profitable companies, tried to avoid paying millions of dollars in taxes to Zimbabwe, according to the African country’s tax office in court filings and other documents obtained by the International Consortium of Investigative Journalists. The...

Dozens of U.S firms that received COVID-19 bailouts paid no taxes in 2019, used offshore tax havens

Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a U.S. government program that has provided emergency loans to millions of businesses hit by the coronavirus. The money was...

Japanese firm probed for paying bribes to avoid paying taxes

Vietnamese authorities are investigating Tenma Vietnam, a subsidiary of Japan's plastic product maker Tenma Corporation, for alleged bribing some 232,000 U.S. dollars to avoid tax arrears, Vietnam News Agency reported on Tuesday. Vietnamese Minister of Finance Dinh Tien Dung has...

Uganda court summons 3 UK law firms for enabling $1.1 billion tax avoidance scheme

The Commercial Court has summoned three United Kingdom-based law firms who were the masterminds of the deal in which Tullow Oil plc avoided paying taxes worth $1.1 billion (about Shs4.1 trillion) to the Ugandan national treasury following an agreement...

European Commission launched legal actions against Luxembourg over money laundering, tax avoidance

The European Commission launched legal actions on Thursday against Luxembourg over laws to prevent money laundering and tax avoidance, it said in a statement. New EU rules to step up scrutiny of financial assets controlled by politicians and companies' owners...

Accounting firm tax scam used homeless people as dummy directors, shut down amid probe

An accounting firm at the centre of a massive tax avoidance scheme which exploited homeless and drug-addicted people has had its registration cancelled in the wake of an ABC investigation. Last month the ABC revealed a group of Victorian accountants...

UK Lycamobile disputes allegations of tax avoidance in HMRC case

A mobile phone firm that has been a major Tory donor is embroiled in three disputes with the UK tax authorities over at least £60m in allegedly unpaid tax. Lycamobile donated £2.1m to the Conservatives between 2011 and 2016. The...

Latest News

Sierra Leone’s former president Koroma faces corruption, money laundering allegations

Sierra Leone’s former president Ernest Bai Koroma was interrogated by lawyers acting for the country’s Anti-Corruption Commission (ACC), after...

Texas AG Ken Paxton accused of corruption fires another whistleblower

The Texas attorney general’s office has fired the last remaining whistleblower who alleged Ken Paxton broke the law in doing favors for a political donor —...

Former World soccer chiefs Sepp Blatter, Michel Platini faces fraud charge in FIFA corruption case

Sepp Blatter and Michel Platini are facing a more serious charge of fraud after Swiss federal prosecutors intensified a five-year investigation into the pair’s...

Honduran ex-president Zelaya stopped at airport with $18,000 in cash, denies ownership

Former Honduran president Manuel Zelaya said on Friday that he had been “unjustly” detained at the Central American nation’s Toncontin international airport for carrying...

Indonesian Fisheries Minister Edhy Prabowo arrested over corruption in lobster seed export case

Indonesia's Fisheries Minister Edhy Prabowo faces up to life in jail after being arrested by the country's Anti-Corruption Commission over lobster larvae export permits. The...

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